Saving for College the Smart way - 529 Plans          

 

Tennessee 529 Plan

Tennesee no longer sells its pre-paid 529 plan.

TNStars College Savings 529 Program

Type:  Direct.

Fund Family:  Various

Minimums:  The minimum initial and ongoing contribution amount is $25 per investment option.

Maximum Contributions:  The Maximum Account Balance Limit is $235,000. 529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits:  There are no state income taxes in Tennesee; however, in and out-of-state participants get the federal tax benefits.

Other Benefits: Tennessee residents who rollover from another plan can receive $100.

Residency:  CollegeAccess 529 is open to all United States residents, not just those in South Dakota.  However, only Tennesee residents can invest directly.  Others need to use a financial adviser.

You can learn more about Tennesee's TNStars 529 plan at the official website TNStars.com.

 

Tennessee's Baccalaureate Education System Trust (BEST) Savings Plan

As of November 22, 2010 you can no longer buy tuition units in the pre-paid plan.

For more information about Tennessee Baccalaureate Education System Trust visit the official website http://treasury.state.tn.us/best/.

 

 

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